Enron Mail |
Money Mail from CNBC
Visit us online at http://www.cnbc.com/mm.html To cancel or change your subscription options, please follow the instructions at the end of this message. ----------------------ADVERTISEMENT----------------------- SAVE up to 75% on Life Insurance. FREE instant Quotes from top-rated insurance companies. Stop paying too much and visit ReliaQuote, rated #1 Life Insurance Service on the Internet! http://www.cnbc.com/common/redirect.html?ReferrerID=MMT605&site=http://www.reliaquote.com/termlife/default.asp?sourceid=0290000001000000053 ---------------------------------------------------------- Good evening! Here is your Money Mail for Tuesday, June 5. BUZZ AT THE BELL Optimistic profit reports powered technology shares Tuesday, carrying a broad swath of the stock market higher. Upbeat news from chip maker Xilinx, software company Comverse Technology and even telecom-equipment pariah Lucent inspired the kind of Nasdaq euphoria rarely seen in recent months. Near day's end, the Nasdaq Composite stood 3.6 percent higher, up 78 to 2,233. Blue chips rose less markedly but still put on a good show. The Dow Jones industrial average climbed 114 to 11,176, largely on the strength of its technology components (Microsoft and IBM both jumped more than 2.5 percent). More broadly, the Standard & Poor's 500 rose 16 to 1,284. Chip stocks and computer networkers stole the show. Xilinx climbed 9.7 percent after the company affirmed its earlier profit forecasts and said order cancellations were slowing. Other makers of chips and related equipment also rose strongly. Intel climbed 4.3 percent, Advanced Micro Devices rose 4.7 percent and KLA Tencor advanced 7.2 percent. Many of these stocks were rebounding from big declines Monday sparked by a worrisome April chip-sales report. Lucent shares surged 6 percent to 8.48 after the company forecast improving quarterly sales figures. More than 20 million shares of Lucent changed hands on the New York Stock Exchange, making it the day's most active NYSE-listed stock. Other makers of telecom components and network equipment fared similarly. Cisco rose 9.2 percent, Cabletron Systems climbed 8.1 percent and Juniper Networks rose 4.8 percent. Among the most widely held names, only a handul of stocks lost ground. Pfizer, Walt Disney and CNBC parent General Electric tallied modest declines, while most other widely recognized companies enjoyed gains. More broadly, utilities, construction companies, photo-imaging stocks and tobacco were among a small group of S&P sectors posting losses on the day. Scott Gerlach Managing Editor, CNBC.com MAJOR INDEXES AND VOLUMES * Dow Jones Industrials: 11,175.84, up 114.32 or 1.03% * Dow Jones Transports: 2,917.42, up 39.18 or 1.36% * Dow Jones Utilities: 381.71, down 8.54 or 2.19% * S&P 500: 1,283.56, up 16.45 or 1.30% * NASDAQ Composite Index: 2,233.65, up 77.72 or 3.60% * Russell 2000: 516.48, up 9.16 or 1.81% * FTSE: 5,482.30, down 378.70 or 6.46% * NIKKEI: 13,182.00, down 130.35 or 0.98% * Ten-Year Treasury Note Yield: 5.30%, down 0.03 or 0.56% * NYSE volume (preliminary): 1.11 billion shares * Nasdaq volume (preliminary): 1.83 billion shares * To see our complete U.S. index list, http://www.cnbc.com/news/markets/world.html?ReferrerID=MM SCOUTING REPORT: WEDNESDAY An empty calendar greets investors on Wednesday. No crucial economic data or earnings reports will be released. Looking for direction? Flip a coin. STOCKS * Options: Add Punches to Trades, * Options enable you to increase your profits on expected stock gains without leverage. http://www.cnbc.com/010605bittman-stocks.html?ReferrerID=MM ----------------------ADVERTISEMENT----------------------- "Missed it on CNBC TV? Find it on the CNBC Wire! Before each opening bell and after each day's close, CNBC.com brings you the market standouts, stock picks and personalities of CNBC TV, translated for the Web. Stay on top of the market -- and the market movers -- with the CNBC Wire." http://www.cnbc.com/common/redirect.html?ReferrerID=MMB605&site=http://www.cnbc.com/news/wire/wireindex.html ---------------------------------------------------------- TOMORROW ON CNBC * Squawk Box Guest Host: James Cramer, theStreet.com Markets Commentator. * To view the latest CNBC guest list: http://www.cnbc.com/cnbctv/shows/guestlist.html?ReferrerID=MM HOTSPOTS ON CNBC.COM * CNBC Store: http://www.cnbc.com/common/redirect.html?ReferrerID=MM&site=http://service.bfast.com/bfast/click?bfmid=1064298%26siteid=36208939%26bfpage=cn * Golf Center: http://www.cnbc.com/worklife/lifestyle/golf.html?ReferrerID=MM * Loan Center: http://www.cnbc.com/finance/loan/index.html?ReferrerID=MM * Message Boards: http://www.cnbc.com/community/index.html?ReferrerID=MM * Small Business Center: http://www.cnbc.com/finance/smallbiz/index.html?ReferrerID=MM * Your Portfolio: http://www.cnbc.com/portfolio/defaultscreen.html?ReferrerID=MM Please do not reply to this email. It is sent from an unmonitored address. To cancel or change your subscription options, please go to our Money Mail FAQ page (http://www.cnbc.com/hlp/moneymailhelp.html) and follow the instructions. If you cannot click on the link, copy and paste it into your browser. If you are interested in advertising with CNBC, please go to our Advertising Info page (http://www.cnbc.com/common/footerlinks/adsales.html). If you cannot click on this link, copy and paste in into your browser.
|